The Seychelles Financial Services Authority issued a scam alert warning investors, licensees and the public about “Trade Spheres”, which operates via https://trade-spheres.com and claims to be authorised and regulated by the Authority. The FSA stated that Trade Spheres is not known to it, does not hold a valid licence, and is not regulated by the FSA in any capacity. It added that the licence number “SD018” cited by the website is linked to another entity that is licensed and regulated by the Authority, and urged the public to conduct adequate research before engaging in transactions or sharing personal details.
Seychelles Financial Services Authority 2025-04-28
Seychelles Financial Services Authority warns Trade Spheres is falsely claiming FSA authorisation
The Seychelles Financial Services Authority issued a scam alert regarding "Trade Spheres," which falsely claims FSA authorization and regulation. The FSA clarified that Trade Spheres is unlicensed and not regulated by them, and the cited licence number "SD018" belongs to a different entity. The public is advised to verify information before engaging with the website.